Gas prices could shape GOP fortunes as midterms approach

Gas prices, driven higher by the Iran-related conflict and ongoing energy-market volatility, are shaping voters’ perceptions of the economy ahead of the midterms. Republicans worry persistent price pain could hurt their bid to protect narrow congressional majorities, especially in driving-heavy districts, while history shows the incumbent party often fares worse when pump prices stay high. Yet price declines in past cycles have cushioned losses, and Trump’s focus on gasoline prices and actions against oil companies underscore how central this issue remains as the election approaches. The outlook remains uncertain because prices could swing with peace talks, supply dynamics, and global events.